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The Georgia Private School Tax Credit Program makes an extraordinary impact on our student body, providing financial aid for highly qualified students with significant financial need.
Through the program, state residents, S- and C-corporations, LLCs, partnerships and trusts can redirect a portion of their Georgia tax liability to a Student Scholarship Organization (SSO) in support of financial aid at one or more independent schools of the taxpayer’s choice. When you participate through Georgia GOAL (Walker’s SSO of choice), you receive a 100 percent dollar-for-dollar tax credit to your state income tax bill for the amount of your contribution.
PRIVATE SCHOOL TAX CREDIT FAQ
GEORGIA GOAL SCHOLARSHIP PROGRAM
In exchange for contributions to Georgia GOAL, our partner Student Scholarship Organization, taxpayers receive a 100 percent state income tax credit!
The Georgia legislature has nearly doubled the available credits, alleviating the ‘oversubscription’ problem of past years.
This is a proven opportunity that is a win-win-win for taxpayer donors, scholarship recipients, and our school community. By simply contributing to Georgia GOAL for a 100 percent Georgia income tax credit, you will help maximize this source of financial aid for deserving families desiring to receive a Walker education.
You have the opportunity to make this our school’s best year yet in raising GOAL funds!
TAX CREDIT LIMITS BASED ON FILING STATUS
Tax Credit Limits Based on Filing Status have been expanded, effective in 2023!
| Tax Filing Status | Previous Limit | New Limit | ||
|---|---|---|---|---|
| Single Filer | $1,000 | $2,500 | ||
| Married Separate Filer | $1,250 | $2,500 | ||
| Married Joint Filer | $2,500 | $5,000 | ||
| Pass-Through Owner (not making HB 149 election) | $10,000 | $25,000 | ||
| C Corp, Trust, or Pass-Through electing to pay tax at the entity level (HB 149) | 75% of annual tax liability | |||
| New for 2023: Business that pays insurance premium tax | 75% of annual tax liability, but credit shall not exceed $1 million | |||
HOW TO CONTRIBUTE AND TAKE
1. Apply Now
Complete the 2024 GOAL Tax Credit Application today here (takes just 20 seconds!).
2. GOAL Submits to DOR
GOAL submits your 2024 application to the Georgia Department of Revenue (DOR) on the first business day of January 2024.
3. Approved to Contribute
By mid-January 2024, GOAL and DOR notify you of the approved tax credit amount and payment deadline.
4. Make Payment
Pay GOAL by check, credit card, or ACH within 60 days of DOR approval (by mid-March 2024).
5. Take the Credit
GOAL will send you Form IT-QEE-SSO1 (tax receipt) in May 2024 for claiming the credit on your Georgia income tax return (Note: you will take the credit on the income tax return for the year in which you make the payment).
